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Old January 18th, 2011, 12:38 PM   #1
napoleon
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BANGKOK | China City Complex Bangna

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Old January 18th, 2011, 12:38 PM   #2
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Old January 18th, 2011, 12:39 PM   #3
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Old January 18th, 2011, 12:39 PM   #4
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China City Complex planned for Bangkok

By China Daily/Asia News Network 7/1/2011


YIWU, Zhejiang - China plans to construct a second Yiwu International Trade City, the world's biggest small-commodities hub, in Thailand.


It's part of a move to make the southeastern neighbor a re-export center to promote the country's small-goods exports in a global market troubled by rising trade protectionism.

With investment of 10 billion yuan ($1.51 billion), construction will begin in Bangkok on Jan 18 at the China City Complex, a commercial and wholesale town similar to China's Yiwu.

It will sell Chinese-made goods, including garments, ornaments and household items.

"China City Complex is one of the biggest cooperation projects between China and Thailand, corroborating a strategic business-partner relationship between the two countries," said Alongkorn Ponlaboot, Thailand's deputy-minister of commerce, on Wednesday, who had traveled to Yiwu to woo investors.

Construction of the commercial city, which will cover 700,000 square meters, is expected to be completed by 2013. It will attract more than 70,000 commercial tenants from China, according to Dong Hongqi, chairman of Yunnan-based Ashima Cultural Industry (Group) Investment Co Ltd, the Chinese partner in the project.

"Apart from the business opportunities in Thailand, Chinese exporters can also promote their products to developed markets such as the European Union and the United States through this project," Yang Fangshu, chairman of the ASEAN-China Economic and Trade Promotion Association, said, adding that Chinese investors enjoy bilateral trade with Thailand without the imposition of tariffs, and also low tariffs when trading with other developed economies.

Yang said the trade quota between Thailand and developed economies, including the EU and US, is also much more than that of China, so Chinese-made goods could be re-exported from Thailand without such strict limitations as those in China.

Fueled by the new Free Trade Agreement (FTA) signed between China and the 10-member Association of Southeast Asian Nations (ASEAN) last year, the trade volume within the free-trade zone reached $161 billion, registering a year-on-year increase of 50 percent, in the first seven months of 2010.

The trade volume between China and Asean countries is set to reach $500 billion by 2015.


Since the FTA was established in January 2010, most goods traded between China and Asean countries have been subject to zero or very low tariffs, thus allowing a freer flow of capital, resources, technology and talents.

However, China has been a major target of trade protectionism when trading with developed countries. In 2009, there were 127 cases filed by trade partners against China, the largest number ever.

The United States International Trade Commission decided in November to maintain anti-dumping duties ranging from 43 percent to 216 percent on wooden Chinese-made bedroom furniture for another five years.

"Thailand's low tariff with developed economies is a big attraction for me, as our exports have been severely influenced by the high tariffs imposed by the EU and US this year," Huang Ruineng, manager of Tiantian Jewelry Sales Department in Yiwu.

According to Huang, more than 80 percent of his store's foreign demand comes from the EU and US.

Nava Nakorn Plc has won the contract to invest in a power plant under the small power producer (SPP) scheme.

In a statement to the Stock Exchange of Thailand, the company said that SPP Cogeneration was announced the winner of the bid submitted to the Electricity Generating Authority of Thailand.
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Old January 18th, 2011, 12:40 PM   #5
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Huge Thai-China project launches today

The Nation Published on January 18, 2011

Chinese enterprises are boosting their investments in Thailand in a big way, with the first of three joint ventures with Thai partners being for a sprawling wholesale trading centre worth 6.2 billion yuan (Bt28.8 billion) near Bangkok.

This project will be followed by a Bt3-billion wholesale trading centre in the northern province of Chiang Mai and a Bt5-billion auto-tyre manufacturing project in the eastern province of Rayong.

Prime Minister Abhisit Vejjajiva will preside over today's ceremony to unveil the Thai-China International City project, in which a 700,000-square-metre trading centre will be built on Bang Na-Trat Highway near Bangkok. The centre will serve as a major re-export centre for Chinese-made products in the Asean market of 580 million consumers.

Phairush Burapachaisri, secretary-general of the Thai Chamber of Commerce and the Thailand-China Business Council, said China National Tobacco Corp would be the key financier of the complex.

Following a strong protest in the United Arab Emirates, where a similar project was planned entirely for Chinese products, the investor is now allocating one-third of the space for Thai products, Phairush said, adding, "Thailand has no capacity to do this itself. With Chinese goods, this will boost Thailand's logistics capability."

Thai Chamber of Commerce chairman Dusit Nontanakorn thinks differently, however. He questioned why the government was allowing Chinese investment in the complex, as this could be to the disadvantage of many local small and medium-sized operators, who would be left out.

"Thai operators lack government support. They can do this, if the policy is clear. China just wants to spread its money anywhere," he said.

Meanwhile, Thai Hua Rubber will set up a 15:85 joint venture with Hangzhou Zhongce Rubber, China's leading tyre-maker, to build a Bt5-billion export-oriented plant in Rayong.

Thai Hua chief executive officer Luckchai Kittipol said the factory, the first overseas for the Chinese company, is expected to commence production next year.

Regarding the Chiang Mai project, Watchara Tantranont, chairman of V Group, said a memorandum of understanding had been signed with Yiwu Market Management of China to develop a wholesale market in the northern province.

Watchara's family has run the Tantraphant department store in Chiang Mai for decades, while Yiwu Market Management is the operator of the Yiwu wholesale market in Zhejiang, in the south of China.

Watchara said the joint venture would have 100,000 square metres of space for wholesale trading. It will be located on 40 rai of land on the site of the Business Park project, adjacent to the Carrefour hypermarket on the Chiang Mai-Lampang Superhighway.

Yiwu market is the world's largest for small and medium-sized traders, with more than 4 million square metres of trade space and more than 4,200 varieties of goods. The market recorded 55 billion yuan in sales last year.

Watchara said Yiwu Market Management would bring the management model of the Yiwu market to the one to be developed in Chiang Mai, at which there would be about 2,000 shops.

Construction will start in May and the facility will be opened in December this year.

Watchara said Chinese firms would be involved in construction of the project, with Chinese financial institutions providing loans.

"I believe the project will turn Chiang Mai into a centre of goods from the Yiwu market and also a hub of investment from foreign investors. In addition, the project will help spur land prices in Chiang Mai," he said.
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Old January 18th, 2011, 07:37 PM   #6
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China's Ashima to build factory here as well as trading complex

The Nation Published on January 19, 2011


Leading Chinese investment enterprise Ashima Group plans to spend several billion baht to establish a plant in Thailand as a manufacturing and distribution hub for the Asean market.

The company had previously announced a significant investment in the Kingdom to establish a Bt45-billion Thai-Chinese trading complex on Bang Na-Trat Road.

China's huge foreign reserves have prompted the country's investors to explore business opportunities around the world. They are now big players in Thailand, particularly in agriculture, manufacturing and services.

Dong Hongqi, president of Ashima Yunnan Cultural Industry (Group) Investment, said in Bangkok yesterday that the plan to establish the company's commercial centre here would also be a springboard for Chinese goods not only to Asean countries, but also to third markets associated with the Asean Free Trade Agreement and Asean's closer cooperation with other nations.

"Thailand is the potential trading hub for Chinese goods and manufacturing in the near future. Closer cooperation and investment here will promote growth for not only China, but also Thailand and the whole of Asean," he said.

The manufacturing plant for Chinese goods will cover about 800,000 square metres. It will be located 50 kilometres south of Thai-Chinese International Products City, which will be sited on 2 million square metres at Bang Na-Trat Road km 10.

The plant will be a joint venture between Thai and Chinese investors. Products will be exported back to China, as well as to Asean and other countries.

This is the first time that Ashima Group has decided to invest a huge sum outside mainland China. The trading complex will be the largest in Thailand.

Dong said Ashima plans to eventually develop Thai-China International Products City into the largest supply-chain centre in the world.

The company has purchased about 200 rai of land for the project, which will be divided into three phrases. First is to construct a business centre worth Bt15 billion, with work starting in March this year. Second, Bt15 billion will be invested for setting up a commercial zone for the entertainment industry, hotels and tourism, and a food centre. Another Bt15 billion will be spent on developing logistics services.

The first phase will cover about 500,000 square metres and provide parking space for 5,000 vehicles. About 15,000 outlets will be housed there, selling 10 clusters of products, such as hardware, garments, footwear, gifts and decorative items, local goods and souvenirs.

Ashima is seeking investment privileges from the Board of Investment to hold 100-per-cent ownership. However, Thai enterprises will be allowed to occupy up to 40 per cent of the trading area at a lower rental rate than Chinese enterprises, Dong said.

He added that Thai-China International Products City would also be used as a model for the company's investment in other countries such as Burma.

"Thailand has rich natural resources and is also the centre of Asean nations and the gateway to other markets," he said.

Deputy Commerce Minister Alongkorn Ponlaboot said the project would create at least 70,000 jobs for Thais.

"It is a good opportunity for Thai enterprises to cooperate with the world's leading producers and exporters for sales to third markets. The project will emphasise the potential of Thailand to be the trading hub of Asean," stressed Alongkorn, who is also chairman of the advisory board of the Asean-China Economy and Trade Promotion Association.

Although the establishment of the Chinese trading and manufacturing centre will create a risk for Thai enterprises' competitiveness, in particular small and medium-sized enterprises, he said the project should provide an opportunity to strengthen their businesses by cooperating with Chinese partners.

The Business Development Department of the Commerce Ministry has set up a development programme for increasing Thai SMEs' efficiency so that they can compete in a seamless market, he added.

"Enterprises must urgently adapt themselves and find remedies [in response to the new environment]," he said.

Alongkorn said about 3,000 Thai enterprises should be part of the trading complex.
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Old January 18th, 2011, 10:25 PM   #7
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Good, China should encourage and support more small business.
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Old January 19th, 2011, 08:55 AM   #8
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Chinese developer keen for partners Trade centre may pursue manufacturing

Bangkokpost Published: 19/01/2011 at 12:00 AM


The Chinese developer of a massive wholesale trade centre on Bang Na-Trat Road is welcoming participation from Thai investors to jointly develop the 45-billion-baht project as a platform for its investment expansion into manufacturing in the future.


Dong-Hong Qi, president of Ashima Yunnan Cultural Industry Group, said his group has been in talks with several Thai investors who are interested in a co-investment in its Thai-China International Products City.

The complex, which covers 2 million square metres, will be developed in three phases. The first phase of 500,000 sq m at a cost of 15 billion baht is scheduled to open in October next year.

"We are ready to consider every option proposed by Thai investors with no limitation on the shares they want to hold. However, everything has to comply with Thai regulations," he said at the official launch of the project yesterday.

The Thai-China International Products City, said to be the largest distribution centre in Southeast Asia, is scheduled to start construction in March.

The second phase will feature wholesale activities covering 800,000 sq m and the third phase would have retail space of 700,000 sq m at a cost of 15 billion baht for each, said Mr Dong.

Apart from the wholesale centre, Ashima, the Yunnan-based state enterprise, is joining with Thai investors to build a manufacturing plant outside Bangkok and is considering more projects in the kingdom.

Mr Dong declined to give any more details about the manufacturing plant but said the budget was not included in 45-billion-baht investment plan for the Bang Na complex.

Local reports say the project is a tyre manufacturing plant in Rayong.

He said the project was subject to investment privileges offered in Thailand. It will also benefit from lower taxes under the Asean Free Trade Area (Afta) and the China-Asean free trade agreement.

The first phase of the Thai-China International Products City is estimated to expand trade value by 45-50 billion baht yearly in Asean and create 70,000 Thai jobs, said Mr Dong.

Thai and Asean economies may experience more tourists from both inside and outside the region once the project reaches completion, he added.

Deputy Commerce Minister Alongkorn Ponlaboot said Thai retailers were poised to gain from the Thai-China wholesale centre. The complex is offering 30% of its space to Thai operators at lower rental costs than for Chinese traders and this will benefit 3,000 factories in Thailand.

Thailand has welcomed giant western retailers such as Carrefour, Makro and Tesco Lotus but they just send money home without benefiting for Thai operators, said the minister.

Thailand and China are also fostering economic cooperation with a distribution centre for Thai products and a market for Thai agricultural products expecting to be opened in Yiwu in Zhejiang province later this year.

Mr Alongkorn said Thailand and China had agreed in principle for the distribution centre for Thai products to be built in Yiwu in the latter half of this year. As well, a market for Thai agricultural goods will be operated in the same city in the next two months.

China has become Thailand's second largest export market with export value of US$40 billion last year, accounting for one-quarter of China's trade with Asean. Exports to China are projected to double within three years, thanks to the China-Asean FTA, he added.



Officials examine a model of the Thai-China International Products City, which will cover 2 million square metres. KOSOL NAKACHOL
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Old January 20th, 2011, 10:56 AM   #9
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Quote:
Originally Posted by b0ss32 View Post

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Old January 23rd, 2011, 09:21 AM   #10
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Thai-Chinese trade centre to bring benefits to all

THE NATION Published on January 22, 2011


There are many concerns among private enterprises that they will lose competitiveness after China establishes a Bt45-billion Thai-Chinese trading complex on Bang Na-Trat Road. Will you move on the project, and how do you respond to these concerns?

The project has been put forward according to normal procedures to the Board of Investment. It will not affect Thai enterprises, but increase export opportunities for small and medium-sized enterprises.

Currently, only large enterprises can be exporters. The Thai-China trading complex will increase Thai SMEs' opportunities to become exporters and create links with other buyers.

The private sector recently submitted a letter to concerned agencies voicing worries over the complex. Have their been any studies to estimate impacts from the project?

I plan to meet with the Federation of Thai Industries, the Board of Trade of Thailand, the Thai National Shippers' Council, and related trade associations such as traders in Bobae market, and Platinum and Pratunam, very soon to clarify understanding for the need of the project.

It is not a minor deal, but a giant issue concerned with international relationships. Private enterprises should listen to the facts first before voicing their concern.

Problems arose in the United Arab Emirates and Spain after China established wholesale centres in those countries. Will Thailand face similar problems, as local enterprises suffer from a flood of Chinese goods?

The project will create win-win benefits for Thailand and China, as China will not only build its wholesale centre here, but will also set up manufacturing in Thailand in the future, which will create at least 70,000 jobs for Thais. Unlike the wholesale centres established in the UAE and Spain, in which Chinese investors occupied 100 per cent of the trading areas, Thai enterprises will have a minimum of 30 per cent and up to 50 percent of the trading area.

Will Ashima Group get any privileges for investment here? Wholesaling business is restricted to Thais under the Foreign Business Act (FBA). Does the company have to be investigated over its ownership structure and nominee, as it would hold a majority share?

The company has come to Thailand under Board of Investment privileges. We cannot prefer only investment from Western countries. With the rising of China comes the opportunity for Thailand to form closer cooperation with the Chinese and grow together. I cannot say what the shareholding percentage between Thai and Chinese enterprises will be. However, the firm will not break the FBA and is allowed to invest here under the act.

Under the FBA, a wholesale or retail business with a minimum investment of Bt100 million may invest in the country and hold a minority share up to 49.99 per cent.

However, there are still questions over whether the firm will have a Thai nominee, as previously the company said it would hold 100 per cent of the trading complex here.
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Old January 24th, 2011, 11:25 AM   #11
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Who is the designer krub?

Really want to see some more renders of this project.

Has the contractor been awarded?
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Old January 24th, 2011, 11:49 AM   #12
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Check below for a list of all the shopping areas in Bangkok. Lots to choice from. Happy Shopping.
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Old January 25th, 2011, 04:01 PM   #13
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Check below for a list of all the shopping areas in Bangkok. Lots to choice from. Happy Shopping.
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Old January 27th, 2011, 05:12 AM   #14
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I would like to invest in this project. Is there any contact information available? If so please let me know at [email protected].
Thank
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Old January 27th, 2011, 06:43 AM   #15
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nice
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